
+9.8%
Will no Fed rate cuts happen in 2026?
24h Vol
$144.6K
Liquidity
$143K
Spread
0%
12/31/2026
View marketFinance
Polymarket market
Track live probability, outcome prices, volume, liquidity, and resolution details for Will Kraken's valuation hit (HIGH) $12.5B by June 30?. The market currently shows a live probability of 43%, $1.2K in 24h volume, and $52.6 in liquidity.
Probability
43%
24h Volume
$1.2K
Liquidity
$52.6
This market asks whether Kraken’s private-market valuation, as measured by Nasdaq Private Market’s published NPM Price, will reach at least $12.5 billion at any point before June 30, 2026. It is tied to a specific valuation threshold, not to Kraken’s general business performance, so the key question is whether official pricing data ever prints at or above that level within the stated window.
Kraken is the crypto exchange company, and the market resolves based on the NPM Price reported by Nasdaq Private Market, LLC. If any published NPM valuation between market creation and June 30, 2026 is at least $12.5 billion, the market is a Yes; if not, it is No. The rules also say NPM prices are only published for trading days and are updated once daily at 1:00 PM ET the next calendar day, so the resolution depends on those official timestamps rather than on rumors or informal estimates.
There is real uncertainty because Kraken is a private company, and private-market valuations can move with secondary trading, company events, and broader sentiment around crypto assets. Readers may care because this is a clear, rules-based way to track whether Kraken’s implied value crosses a milestone that many market participants would treat as meaningful. The market is pricing disagreement over whether the published NPM data will ever touch that $12.5 billion line before the deadline.
The biggest price movers are any new NPM valuation prints for Kraken that come in above or below the threshold. A company transaction such as an IPO or direct listing would also matter under the rules, because the market would then consider the implied valuation from the official listing price and the company’s public market capitalization after listing. If NPM stops publishing data before the end of the period, traders will focus on the last available official figures and any public-market valuation data that the rules allow.
Related markets

+9.8%
24h Vol
$144.6K
Liquidity
$143K
Spread
0%
12/31/2026
View marketThe current market price implies roughly a 43% chance for the leading outcome, based on live Polymarket pricing. That number is not a prediction from PredictionNinja and it is not a guarantee; it is the current crowd-priced view of the market and can change quickly when new information appears.
The main thing to verify is the official NPM Price for Kraken on each available trading day through June 30, 2026, since that is the source of truth for this market. If NPM has not published all business-date data by 1:00 PM ET on July 1, 2026, the market can stay open until 11:59 PM ET on July 4, 2026, and if NPM stops covering Kraken altogether, the rules shift to the last published NPM data and any applicable IPO or direct-listing valuation. The page also notes that the final resolution depends on whether any published figure reaches at least $12.5 billion, so readers should watch the exact threshold and not a rounded headline number.
Track live probability, outcome prices, volume, liquidity, and resolution details for Will Kraken's valuation hit (HIGH) $12.5B by June 30?. The market currently shows a live probability of 43%, $1.2K in 24h volume, and $52.6 in liquidity.
Track live finance prediction markets focused on interest rates, inflation, stock market events, central bank decisions, and global financial forecasting trends.
Yes
43%
No
57%
This market is currently listed with an end date of Jul 1, 2026. Market timelines can change if the underlying event is postponed, rescheduled, or resolved early.
This market will resolve to "Yes" if Kraken's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No". NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day. If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available. If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing. If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period. Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time. If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies. If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution. The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-ab5413cb-1c83-497e-b03e-2ed7ca70117d/data). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts. Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.
Probability signal
The market is priced near the middle, which usually means traders are still weighing competing outcomes.
Liquidity context
Liquidity is present but not especially deep, so spreads and order-book movement still matter.
Spread
The bid-ask spread is wider, so the headline probability may be less precise than it looks.
Recent movement
The 24h move is modest, suggesting the market has not repriced dramatically in the latest feed.
The current displayed probability is 43%, based on the latest normalized Polymarket data available to PredictionNinja.
The rules and resolution criteria are pulled from the market description provided by Polymarket when available.
Prediction markets can move whenever traders react to new information, liquidity changes, injuries, announcements, news, or other event-specific developments.
No. PredictionNinja displays market data and context for research only. It is not financial, legal, betting, or investment advice.

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